Russian power grid Rosseti: Illegal cryptocurrency mining caused approximately $14.2 million in losses last year

According to BlockBeats, on February 18th, the Russian power grid company Rosseti Group disclosed that illegal cryptocurrency mining caused losses of over 1.3 billion rubles (approximately 14.2 million US dollars) in 2024. The North Caucasus region suffered the largest losses, exceeding 600 million rubles; The Novosibirsk region suffered a loss of 400 million rubles. The company has investigated and dealt with 130 cases of unauthorized access and power theft, with the largest case occurring in Novosibirsk, involving 3200 mining equipment and causing a loss of 197 million rubles. Currently, over 40 cases are being tried under Russian criminal law.